The WORST Record Label Contracts | Music Business Podcast

#WorstRecordLabelContracts #RecordContractsExplained #MusicBusinessPodcast
On this segment of the Top Music Attorney Podcast, Entertainment Attorney, Miss Krystle talks about the WORST Record Label Contracts.

Legal Disclaimer: The information, ideas, and suggestions in this video are not intended to be legal advice. Before following any suggestions contained in this video, you should consult your personal attorney. The speaker shall not be liable or responsible for any loss or damage allegedly arising as a consequence of your use or application of any information or suggestion in this video. Pursuant to the fair use doctrine under the 1978 Copyright Act, a copyrighted work owned by another may be used for criticism, commentary, news reporting, and educational purposes. The use of the livestream contained in this video falls within the fair use doctrine.
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TOP MUSIC ATTORNEY SOCIALS

MISS KRYSTLE SOCIALS

THAT ORKO (SHOW PRODUCER AND MUSIC PRODUCER) SOCIALS

VIDEO SHOT AND EDITED BY:
Dukes Up Records

THEME / SHOW MUSIC BY:
That Orko

[supermodelatlanta]

I love how you spoke in the reverse. I hear, think, react, and understand your rejection of said statement

[NURREDIN]

Back in 2008, I sold 38, 000 cds on my own here in Vegas. I had "meetings" with EVERY major label and they offered the same contract. An upfront "advance"(which was less than my salary as a financial analyst), an exclusive contract, (one label said the contract was "universal" so even if the Klingons came down and wanted my music they had to go through the label). All offered a royalty rate of 12% of wholesale(which is meaningless now), minus deductions for production, promotion, and the advance. They all demanded my publishing rights, control of my website, and control of my masters, even though I have my own publishing company and my own studio where I can record, mix, and master without any outside help.And don't forget the "reserve on return" clause to hold back your royalties for "breakage" which doesn't happen with downloads. Needless to say, I said NO. I have no intention of being "broke and famous".

[Howl]

The smartest artists are the independent ones. All they need is good management. I’m a rap/hiphop music manager locally. I’m 23

[JayHudgins]

Great information. Thank you for all you do!

[supermodelatlanta]

It took a while but your growing on me dude 💁🏾‍♀️💃🏾🙏💖👩🏾‍🎤

[MG-epmm]

Sign a publishing deal with the record label at the same time as you sign a contract without understanding at all what this means

[JohneliPabon-uuny]

Thanks miss for this information, I'm johneli